USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1945 > Part 18
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75.00
Balance Dec. 31, 1945
5,158.10
$ 5,233.10 $ 5,233.10
Library Fund
Balance Jan. 1, 1945
$ 1,093.57
Receipts Income
21.97
Books
70.75
Balance Dec. 31, 1945
1,044.79
$ 1,115.54 $
1,115.54
Library Fund (H. G. Wadlin)
Balance Jan. 1, 1945
$
1,831.51
Receipts Income .
36.80
Balance Dec. 31, 1945
$ 1,868.31
$ 1,868.31 $ 1,868.31
Post War Rehabilitation Fund
Certificates of Indebtedness 7/8's
$125,000.00
Income
495.87
Balance Dec. 31, 1945
$125,495.87
$125,495.87
$125,495.87
266
STATEMENT OF INVESTED FUNDS
Gilman L. Parker Hospital Fund
$ 7,000 U. S. Savings Bonds Series D 1949 $ 5,250.00
4,050 100 shares First Nat'l Bank, Boston, Cert. #155,572 4,050.00
5,000 Penn. Railroad Co. Gen. Mort. 41/2 1965 5,000.00
3,000 U. S. Treas. Bonds, Series G 212's, 1954 3,000.00
27,000 U. S. Treas. Bonds, Series G 21/2's, 1955 27,000.00
49,000 U. S. Treas. Bonds, Series G 21/2's, 1956 49,000.00
22,000 U. S. Treas. Bonds, Series G 21/2's, 1957 22,000.00
Home Bleaching & Dye Works, Pfd., 2 shares 11.00
Sharp Mfg. Co., Pfd., 55 Shares
1.00
Sharp Mfg. Co., Com. 20 Shares
1.00
Andover Savings Bank, No. 39860
5,682.72
Charlestown Five Cents Savings Bank, No. 162338
5,939.39
Essex Savings Bank, Lawrence, No. 230778
5,850.06
Mechanics Savings Bank, Reading, No. 9189
2,820.41
First Nat'l Bank, Reading, Savings Dept., No. 6435
3,061.18
Chelsea Savings Bank, No. 154784
6,331.96
Danvers Savings Bank, No. 2189 1,288.01
Dedham Institute for Savings, No. 72053
3,567.42
Franklin Savings Bank, Boston, No. 187890
2,386.21
Lynn Five Cents Savings Bank, No. 244496
2,358.64
Malden Savings Bank, No. 141347
6,657.90
Melrose Savings Bank, No. 52937
2,409.75
Providence Institute for Savings, Boston, No. 615034
3,506.54
Wakefield Savings Bank, No. 45111
4,760.34
Warren Institute for Savings, Boston, No. 135648
1,927.52
Woburn Five Cents Savings Bank, No. 63401 5,462.99
Cash in General Fund
1,585.83
$180,909.87
Anne S. Grouard Hospital Fund
33,000 U. S. Treas. Bonds 3's, 1955
$ 36,650.00
38.000 U. S. Treas. Bonds Series G 21/2's 38,000.00
Cash in General Fund 983.01
$ 75,633.01
Cemetery Bequest Fund
17,000 U. S. Treas. Bonds Series G 21/2's 1954 $ 17,000.00
10,000 U. S. Treas. Bonds Series G 21/2's 1955 10,000.00
13,000 U. S. Treas. Bonds Series G 21/2's 1956 13,000.00
9,000 U. S. Treas. Bonds Series G 212's 1957
9,000.00
267
5,000 New Eng. Tel. & Tel. 1st Mort. 5's Series A. 1952 5,000.00
Blackstone Savings Bank, Boston, No. 10672 1,032.20
Home Savings Bank, Boston, No. 368204 2,540.54
Boston Five Cents Savings Bank, No. 948228
5,282.56
Cambridge Savings Bank, No 89112
5,490.63
Essex Savings Bank, Lawrence, No. 230779
5,382.94
Mechanics Savings Bank, Reading No. 5103
3,873.83
Malden Savings Bank, No. 137262
6,833.31
Woburn Five Cents Savings Bank, No. 61052
6,528.12
Mechanics Savings Bank No. 10714 6,798.75
Cash in General Fund 964.39
$106,402.12
Library Fund
Investment :
Boston Five Cents Savings Bank, No. 987334 $ 1,044.79
Library Fund (Horace G. Wadlin)
Investment :
Boston Five Cents Savings Bank, No. 1079095 $ 1,868.31
Reading High School Scholarship Fund
Investments :
Andover Savings Bank, No. 39861 $ 1,000.00
Charlestown Five Cents Savings Bank, No. 161863 3,000.00
Essex Savings Bank, Lawrence, No. 230306 1,000.00
First Nat'l Bank, Reading Savings Dept., No. 5624 158.10
$ 5,158.10
Post War Rehabilitation Fund
125,000 U. S. Treas. Certificates of Ind. 7/8's $125,000.00
Cash in General Fund 495.87
$125,495.87
I, hereby certify that, in accordance with the provisions of Section 55, Chapter 41 of the General Laws, I have audited the account of the Commissioners of Trust Funds, have examined the securities and veri- fied bank balances and report the foregoing to be a true and accurate statement, December 31, 1945.
LEON G. BENT,
Town Accountant
268
7,674.85 Andover Savings Bank, No. 40177
TOWN OF READING BALANCE SHEET DECEMBER 31, 1945
ASSETS
LIABILITIES
Cash in Banks
$437,563.39
Municipal Light Dept. Consumers' De- posits
$ 15,264.00 376.66
posit Fund
15,264.00
Overlay 1944
$ 7,803.25
Accounts Receivable :
Overlay 1945
12,042.15
19,845.40
Taxes Special Warrants
Chap. 277,
Overlay Reserve
27,206.43
Acts 1944
376.66
Premium and Interest Account
820.08
Taxes : Levy of 1944 Poll
$ 14.00
Parker Hospital Fund Transfer Account
1,585.83
Personal
118.58
Grouard Hospital Fund Transfer Account
983.01
Real Estate
7,670.67
7,803.25
Cemetery Bequest Fund Transfer Acct. 964.39
495.87
4,029.10
Personal
1,264.84
Real Estate ·
44,239.66
45,568.50
Salvage Fund Transfer Account
2,644.67
Salvage Fund Savings Bank Dep.
5,486.32
8,130.99
1945
254.57
285.10
Cemetery Reserve Fund
8,339.02
Special Assessments :
Moth and Tree Work 1944
17.00
Moth and Tree Work 1945
92.65
109.65 Edw. W. & Philip H. Raymond Fund
16.78
Sewer Assts. Unapportioned
641.76
Morrison Fund
9.23
Sewer Assts. Added to taxes 1945 ...
79.59
Baseball Fund
72.00
Sewer Assts. Int. added to taxes 1945
15.81
737.16
Dog Licenses Fees due County .. ·
18.00
Sewer Assts. H. C. Unapportioned ..
698.54
Sporting Licenses Fees due State ...
23.25
Sewer Assts. H.C. Added to taxes 1944
10.80
Tailings Account 493.12
Sewer Assts. H.C. Added to taxes 1945
23.44
State Parks and Reservations
138.26
Levy of 1945 Poll
64.00
Post War Rehabilitation Transfer Acct ..
Motor Vehicle Excise 1944
30.53
Unexpended Appropriation Balances .... Special Funds :
23,939.35
Cash in Offices
490.00
Municipal Light Dept. Consumers' De-
Taxes Special Warrants
BALANCE SHEET (Continued)
ASSETS
LIABILITIES
Sewer Assts. H.C. Int. Added to taxes 1944.
2.00
Blue Cross
1,968.35
Sewer Assts. H.C. Int. Added to taxes 1945
5.17
739.95
Special Fund Registering
2.00
9,492.79
Sidewalk Assts. Unapportioned
628.85
Municipal Light Dept. Maint. Acct. . .
150,322.05
Sidewalk Assts. added to taxes 1944 ..
5.61
Municipal Light Dept. Underground Ext.
1,431.59
Sidewalk Assts. added to taxes 1945 ..
65.36
Municipal Light Dept. Special Acct. . ... Revenue Reserved until Collected :
2,000.00
153,753.64
Sidewalk Assts. Int. added to taxes 1944
.45
Sidewalk Assts. Int. added to taxes 1945
13.34
713.61
Motor Vehicle Excise
285.10
Highway Assts. added to taxes 1944. .
102.62
Moth and Tree Assessments
109.65
Highway Assts. added to taxes. . 1945
278.15
Sewer Assts. and Interest
737.16
Highway Assts. Int. added to taxes 1944
27.79
Sewer H. C. Assts. & Interest ..
739.95
Highway Assts. Int. added to taxes 1945
53.61
462.17
Sewer Rentals
1,232.66
Water Rates
5,098.00
Water Rates added to taxes
71.32
5,169.32
Municipal Light Dept. Accts. Receivable
49,473.47
Highway Assts. and Interest
462.17
Departmental Accts. Receivable
18,227.84
Sewer Rentals
1,232.66
Tax Titles
2,095.29
Water Rates
5,169.32
Tax Title Possessions
4,628.08
6,723.37
Municipal Light Accts. Rec.
49,473.47
County Tax Deficit
67.37
Departmental Accts. Rec.
18,227.84
Metropolitan Sewer Asst. Deficit
277.39
344.76
Tax Titles
2,095.29
Tax Title Possessions
4,628.08
83,874.30
Water Dept. Available Surplus
48,697.54
$598,284.86
Real Estate Account .
4,360.25
Sidewalk Assts. and Interest
713.61
Loans Authorized
7,000.00
Withholding Taxes due State
5,471.80
Special Fund Insurance 1,280.00
Road Machinery Account 16,074.28 262.51
Road Machinery Fund Loan Authorized Unissued Surplus Revenue (Excess and Deficiency)
16,336.79 7,000.00 166,818.52
$598,284.86
DEFERRED ACCOUNTS
Apportioned Sewer Assessments
1,495.09
Apportioned Sewer Assts. Rev. of 1946-1954 1,495.09
Apportioned Sewer H. C.
827.80
Apportioned Sewer H.C. Assts. Rev. of 1946-1954 ...
827.80
Apportioned Sidewalk Assessments
3,366.33
Apportioned Sidewalk Assts. Rev. of 1946-1954
3,366.33
Apportioned Highway Assessments
6,328.02
Apportioned Highway Assts. Rev. of 1946-1953
6,328.02
$ 12,017.24
$ 12,017.24
DEBT ACCOUNT
Loans Outstanding
$197,500.00
Municipal Relief Loan 1939
8,000.00
Elementary School Loan
68,000.00
Storm Emergency Loan
8,000.00
Fire Equipment Loan
1,500.00
Drainage System Loan
25,000.00
Municipal Light Loan
63,000.00
Sewer Loan
16,000.00
Water Loan
4,000.00
$197,500.00
Water Filtration Loan
4,000.00
$197,500.00
BALANCE SHEET (Continued- TRUST FUNDS, CASH AND SECURITIES
Trust Funds Cash and Securities $496,512.07
Gilman L. Parker Hospital Fund
$180,909.87
Anne S. Grouard Hospital Fund
75,633.01
Cemetery Bequest Fund
106,402.12
R. H. S. Scholarship Fund
5,158.10
Public Library Fund . ..
1,044.79
Public Library H. G. Wadlin Fund
1,868.31
Post War Rehabilitation
125,495.87
$496,512.07
$496,512.07
CONTRIBUTORY RETIREMENT FUND
ASSETS
LIABILITIES
Contributory Retirement Fund Cash
$ 3,214.29
Annuity Savings Group 1
$ 43,641.89
Savings Bank Deposits
55,000.00
Annuity Savings Group II
6,486.32
Co-operative Bank Shares
14,370.00
Annuity Reserve Group I
3,085.57
Bank Stock
10,489.00
Annuity Reserve Group II
457.50
United States Bonds
16,000.00
Pension Accumulation Fund Group I
34,030.94
Other Securities
51,745.47
Pension Accumulation Fund Group II
5,566.18
Accrued Interest on Investments
660.59
Expense Account
151.83
Undistributed Income
7,121.93
$ 101,979.35
Special Military Account
1,437.19
$ 101,979.35
$ 1,406,293.52
$ 1,406,293.52
REPORT OF THE CONTRIBUTORY RETIREMENT BOARD
To the Honorable Board of Selectmen :
Mr. J. Warren Killam, Jr., who served as Chairman of the Retire- ment Board since the inception of the system, resigned in May, and Mr. Philip R. White was appointed to fill the vacancy.
The total membership of the Contributory Retirement System De- cember 31, 1944 was 135. During the year 1945, 35 members were ad- mitted to the system, 13 withdrew, 2 retired, 1 member deceased and 2 former members who have not withdrawn their deposits making a total membership of 152 active members.
The following is the financial statement for the year ended Decem- ber 31, 1945.
CONTRIBUTORY RETIREMENT FUND 1945
Cash
Balance January 1, 1945
$ 1,138.20
Receipts
Receipts 1945 :
Securities Sold
$ 40,537.36
Income on Investments
2,335.95
Contributions by members
11,438.86
Accrued Interest
823.54
Appropriation by Town :
Pension Accumulation Fund . 20,312.00
Expense Fund
700.00
Special Fund, Chap. 419,
Acts 1943
417.50
$ 76,565.21
$ 77,703.41
Expenditures
Payments 1945 :
Investments
$ 54,289.25
Accrued Interest
258.26
Pensions
17,044.46
Annuities
430.75
Refunds to Members
1,865.67
Adm. Expenses
600.73
$ 74,489.12
273
Cash
Balance Dec. 31, 1945
$ 3,214.29
Assets
Cash First Nat'l Bank
$ 3,214.29
Deposits on Interest :
Mechanics Sav. Bank, Bk. 19442 $ 2,500.00
Melrose Savings Bank, Bk. 57239
1,000.00
Natick 5c Sav. Bank, Bk. 60456 1,000.00
Pilgrim Trust Co., Boston, Bk. 6254 1,000.00
1
Cooperative Bank Shares :
Citizens Cooperative Bank, Haverhill, Bk. 10941 $ 2,537.20
Concord Cooperative Bank, Bk. 5491 2,305.60
Lexington Cooperative Bank, Bk. 5446
2,323.20
Reading Cooperative Bank, Bk. 9407
2,419.20
Roger Conant Cooperative Bank, Salem, Bk. 12851 2,339.20
Wakefield Cooperative Bank, Bk. 8158 2,445.60
$ 14,370.00
Investments :
$3,000 American Tobacco Co. 3's, 1969 $ 3,187.50
6,000 Brooklyn Union Gas. Co. 31/2's, 1969 6,368.03
2,000 Detroit Edison Co. 3's, 1970 2,115.79
5,000 Great Northern Railway Co. 31/8's 1990 4,987.50
1,000 Great Northern Railway Co. 5's, 1973 2,000 Luzerne County Gas & Electric 31/4's, 1966
1,057.49
2,146.67
3,000 Monongahela Power Co. 3's, 1975 ..
3,157.40
2,000 Northern Indiana Public Service Co. 31/8's, 1973
2,061.80
5,000 Pennsylvania Railroad, 31/3's, 1985 .. 5,237.70 1,000 Public Service Co. of N. H. 31/4's, 1973 1,086.86
6,000 Reading Co. 31/8's, 1995
6,003.75
5,000 Schuylkill & Lehigh R. R. Co. 4's, 1948
5,000.00
1,000 So. California Edison Co. 3's, 1965 .. 1,050.22
2,000 So. Pacific Railroad Co. 33/4's, 1986. . 2,116.18
4,000 So. Pacific Railroad Co. 27/8's, 1961 .. 4,005.00
$ 77,703.41
$
5,500.00
274
5,000 U. S. Savings Bond, Series G, 1957 .. 5,000.00
5,000 U. S. Savings Bond, Series G, 1956 .. 5,000.00
1,000 U. S. Savings Bond, Series G, 1956 .. 1,000.00 5,000 U. S. Savings Bond, Series G, 1955 .. 5,000.00
2,000 Wisconsin Power & Light Co. 31/4's, 1971 2,163.58
77 Shares First National Bank, Boston, Cert. No. 214282, 184626, 183404, 207258 4,389.00
100 Shares Middlesex County National Bank, Everett, Cert. No. A59 3,100.00
50 Shares Newton-Waltham Bank and Trust Co. Cert. No. 605 3,000.00
$ 78,234.47
Accrued Interest on Investments
660.59
$101,979.35
Liabilities
Annuity Savings Fund :
Group 1
$ 43,641.89
Group 2
6,486.32
$ 50,128.21
Annuity Reserve Fund :
Group 1
$
3,085.57
Group 2
457.50
$
3,543.07
Pension Accumulation Fund :
Group 1
$ 34,030.94
Group 2
5,566.18
$ 39,597.12
Expense Fund
151.83
Undistributed Income
7,121.93
Special Military Account
1,437.19
$101,979.35
PHILIP R. WHITE, Chairman LEON G. BENT, Secretary JOHN J. O'BRIEN Contributory Retirement Board
275
$ 78,234.47
TOWN OF READING
JANUARY 1, 1946
POPULATION 12,327
Years
Valuation
1943
Valuation Abatements In 1944
1945
Net Abatements Valuation
1943 Property
$17,596,044
$ 189,971
$ 28,000
$ 960
$ 218,931
$17,377,113
Excise
489,510
10,429
1,597
12,026
477,484
1944 Property
17,560,325
228,470
12,400
240,870
17,319,455
Excise
369,826
7,764
570
8,334
361,492
1945 Property
17,679,334
237,041
237,041
17,442,293
Excise
283,629
4,192
4,192
279,437
TOTALS
$53,978,668 $ 200,400 $ 265,831
$ 255,163
$ 721,394
$53,257,274
TOTAL VAL. 1945
$17,962,963
AVERAGE VALUATION FOR 3 YEARS .. 3% OF AVERAGE VALUATION
$ 532,572
Funded Debt Dec. 31, 1945
PROPERTY VAL. 1945
$16,679,334
Inside Limit Outside Limit
Total
REQ. SEC. 7
$ 4,169.83
General
$ 5,550
$ 125,000
$ 130,500
L
L 63,000
TAX RATE 1945
$
36.00 P. S. Enterprise W
W 4,000
67,000
TOTAL
$ 197,500
Available Borrowing Capacity, January 1, 1946 $527,072
Total
$17,752,424
Reading Chronicle Press, Inc. Reading, Mass.
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